Revolving Consumer Debt Down

April 2009
American Banker;4/13/2009, Vol. 174 Issue 69, p6
Trade Publication
The article reports on consumer debt. A report by the Federal Reserve Board found that revolving consumer debt, which excludes real estate secured loans, fell by 9.7% in February 2009. Also stated in the report is that seasonally adjusted consumer credit outstanding dropped at an annual rate of 3.5%.


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